Dubai: Spinneys returned to revenue growth in the third quarter of 2026, with the UAE-listed supermarket operator reporting a 5.7 per cent increase in nine-month revenue to Dh2.74 billion, as more customers stayed in the country over the summer and its supply chain adapted to freight disruptions.
Revenue for the three months ended September 30 rose 6.9 per cent year-on-year to Dh831 million, recovering from a 1.6 per cent contraction in the second quarter.
The company attributed the improvement to stronger like-for-like sales, new store openings and increased contributions from fresh food, private-label products and online shopping.
Profit after tax for the first nine months increased 5.7 per cent to Dh224 million, while profit before tax rose 3.7 per cent to Dh262 million.
The results come after a challenging period for retailers dealing with supply chain disruption, freight pressures and an inflationary environment. Spinneys said its direct sourcing relationships, local production facilities and alternative freight arrangements helped it maintain product availability.
“Our return to growth in the third quarter reflects the strength of our value proposition, our efforts to maintain product availability in challenging conditions, and the trust our customers place in the Spinneys brand,” said Sunil Kumar, chief executive of Spinneys.
“More customers stayed in the country over the summer, which helped with sales, and it’s been encouraging to…
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